Industrial Electric Motor Service, Inc.

$571,500 PPP Loan in Baton Rouge, Louisiana

Loan Details

Loan Number
1536877403
Date Approved
May 4, 2020
Loan Status
Paid in Full
Initial Approval
$571,500
Current Approval
$571,500
Forgiveness Amount
$583,279
Forgiveness Date
May 19, 2022
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Electric Motor Service, Inc.
Address
8920 Buzbee Dr
ZIP Code
70809
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
Existing or more than 2 years old
Jobs Reported
53
Estimated Revenue
$11.4M
Rural/Urban
Urban
Congressional District
LA-06

Loan Use Breakdown

Payroll
$571,500

Lender Information

Servicing Lender
Hancock Whitney Bank
Originating Lender
Hancock Whitney Bank

Other PPP Loans in Baton Rouge, LA

BusinessApproved
Premium Inspection & Testing, Inc.$10,000,000NewBizBotResearch
John H. Carter Co., Inc.$10,000,000NewBizBotResearch
Valluzzo Companies LLC$9,963,600NewBizBotResearch
Awc, Inc.$9,351,535NewBizBotResearch
The Lofton Corporation$9,299,500NewBizBotResearch

Want to research this company further?

Try NewBizBot free